Welcome to 289 Herkimer Street, a colonial brick townhouse in the heart of Bedford-Stuyvesant.

This recently renovated 4 story multifamily townhouse boasts 2,400 sq. ft. building with a large 20' x 100' lot, private outdoor space for the owner's duplex, and a large extra terrace for the top floor. The entire building has been upgraded with new kitchens, in unit laundry, heating, plumbing, electric, and is ready to sell as a great investment property or for owner occupation.

The property is currently a legal 2-family used as a 3 unit rental income investment property. Units are currently occupied and the annual rent roll is $88,600- current rent prices are covid prices. Two of the leases are month-by-month, and the other expires Jan. 2023. Possibility of delivering partially vacant.

Raising rent to market value can generate a potential projected annual rent roll to well over $110,000. A cosmetic design touch up can raise the potential income even higher.

Each unit pays its own heat/hot water independent of hot water heaters and boilers to keep owner expenses low, consisting of water, insurance and taxes only.

The current set up consists of a bi-level duplex with 4 beds, 2.5 baths with the entire private backyard ($3300). One floor above is a 3 bed, 2 bath ($2400). The top floor apartment is a 2 bedroom with a large private patio ($2100).

The location is fantastic and convenient, just one block from Atlantic Ave., and only a few streets to the subway. Located just one block away is the supermarket, and the building is also nearby to restaurants, bars, gyms, and much more.

Property Details of 289 Herkimer Street, Unit Building

Property Details

Utilities and Appliances

Map Location

Driving Directions

Listed by Catherine You of Triplemint

Based on information submitted to REBNY as of June 30, 2022 6:19 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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